Cadiscor Resources Inc.
TSX VENTURE : CAO
FRANKFURT : DQN

Cadiscor Resources Inc.

October 24, 2007 08:30 ET

Cadiscor Resources: C$1 Million Brokered Private Placement

MONTREAL, QUEBEC--(Marketwire - Oct. 24, 2007) - Cadiscor Resources Inc. ("Cadiscor") (TSX VENTURE:CAO)(FRANKFURT:DQN) is pleased to announce that it has entered into an agreement with Becher McMahon Capital Markets Inc. (the "Agent") to realize a brokered private placement of up to 1,000,000 Flow-Through Shares at a price of $1.00 per share. There are no warrants attached to the shares.

This flow-through offering will be made to accredited investors, within the meaning of National Instrument 45-106, residing in the Provinces of Ontario and Quebec and such other provinces of Canada as Cadiscor and the Agent may agree upon, in reliance upon applicable exemptions from registration and prospectus requirements. The closing is expected to occur around October 31st, 2007 and is subject to the receipt of all the required regulatory approvals, including the approval of the TSX Venture Exchange. All the securities issued pursuant to the offering shall be subject to a hold period of four months from the date of closing. A cash commission equal to 8% of the gross proceeds, as well as compensation options entitling to subscribe for such number of common shares equal to 5% of the number of shares issued under the offering, at a price of $1.00 per share, will be payable by Cadiscor to the Agent.

The proceeds from this placement will be used by Cadiscor for eligible exploration expenses on the Discovery, Flordin, Florence and Cameron Shear Properties in Quebec.

Forward-Looking Statements

This press release contains forward-looking statements subject to certain risks and uncertainties. There can be no assurance that these statements will prove to be correct, and actual results and future events could differ materially from those implied by such statements. These risks and uncertainties are discussed in the annual report filed with the securities commissions of Alberta, British Columbia, Ontario and Quebec, and in the 10-KSB annual report filed with the US Securities and Exchange Commission. The Company does not undertake to publicly revise or update any such statements on the basis of new Information, future events or any other event.

THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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